The Bay State’s chief securities regulator has brought charges against a Wyoming company for an alleged scheme that liquidated Massachusetts residents’ retirement accounts to purchase gold and silver... Read More
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Regulatory Compliance
BY NAPA Net Staff | 12/2/2019
[UPDATED 12/04/19]
Secretary of the Commonwealth William F. Galvin, Massachusetts’ chief securities regulator, has signed off on new regulations that would impose a uniform fiduciary conduct... Read More
BY Nevin E. Adams, JD | 11/26/2019
Noting that “many employers would like to offer a 401(k), but the private market doesn’t offer low-cost, hassle-free options,” Democratic candidate for President (and current South Bend, IN mayor)... Read More
BY Nevin E. Adams, JD | 11/25/2019
On Nov. 22, the American Retirement Association provided information to the Labor Department on the general disclosure framework under the Employee Retirement Income Security Act of 1974 (ERISA),... Read More
BY Nevin E. Adams, JD | 11/25/2019
On Nov. 22, the American Retirement Association weighed in on the Labor Department’s e-delivery proposal.
The proposal – which fulfills a key component of President Trump’s August 2018 retirement... Read More
BY NAPA Net Staff | 11/25/2019
There’s a move afoot on Capitol Hill to push back on the Labor Department’s expansion of the e-delivery safe harbor – and it’s bipartisan.
Congressmen Morgan Griffith (R-VA) and Donald McEachin (D... Read More
BY Ted Godbout | 11/20/2019
Even though revenue sharing has not been heavily scrutinized by the SEC, Morningstar contends that the Regulation Best Interest rule may force changes as brokers work to mitigate conflicts of... Read More
BY John Iekel | 11/11/2019
The IRS has issued proposed regulations updating the life expectancy tables that apply for purposes of computing required minimum distributions (RMDs) from qualified retirement plans. The ... Read More
BY Ted Godbout | 11/8/2019
A newly released Risk Alert from the Securities and Exchange Commission reviews several deficiencies and weaknesses observed from its examinations of target date funds and money market funds.... Read More
BY NAPA Net Staff | 11/6/2019
At last, it’s official – the Internal Revenue Service has announced the contribution and benefit limits for 2020!
The IRS announced this and other changes in Notice 2019-59, posted today here.... Read More
BY John Iekel | 11/6/2019
The IRS has announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2020. The 2020 limits are contained in Notice 2019... Read More
BY NAPA Net Staff | 11/5/2019
The Securities and Exchange Commission is proposing some relaxation of the rules regarding adviser advertising.
The proposed amendments (all 507 pages) are, according to the SEC, “intended to... Read More
BY NAPA Net Staff | 10/31/2019
FINRA will be conducting Regulation Best Interest “preparedness reviews” of its member firms starting in November, according to William St. Louis, the organization’s northeastern... Read More
BY John Iekel | 10/31/2019
The American Retirement Association has submitted a comment letter recommending that the Department of Labor amend its regulations under Section 3(5) of ERISA in order to facilitate the sponsorship... Read More
BY John Ortman | 10/23/2019
Carol Weiser, Benefits Tax Counsel at the Treasury Department, announced some good news about the deadline for amending plans for the newly final hardship withdrawal regulations at the ASPPA... Read More
BY John Iekel and Ted Godbout | 10/22/2019
In a move estimated to save plans and participants $2.4 billion over the next decade, the Labor Department has unveiled a new, optional, electronic delivery safe harbor for retirement plans.
The... Read More
BY Ted Godbout | 10/18/2019
FINRA’s latest report on its examination findings reveals that some broker-dealer firms still fall short with respect to their supervisory and documentation requirements.
The... Read More
BY Ted Godbout | 10/18/2019
In preparation for the June 30, 2020, compliance date for the SEC’s Regulation Best Interest and Form CRS, FINRA has created a checklist to assist member firms in their efforts to comply with those... Read More
BY John Iekel | 10/15/2019
The American Retirement Association in an Oct. 8 letter to IRS Employee Plans Division Director Robert Choi reiterated its concern over aspects of the final hardship distribution regulations.... Read More
BY NAPA Net Staff | 10/15/2019
Any day now the IRS is expected to release the contribution and benefits limits applicable to retirement plans.
The folks at October Three project that, based on the 1.76% increase in CPI-U... Read More
BY NAPA Net Staff | 10/14/2019
The costs of offering a defined benefit pension plan will increase next year.
The nation’s private pension plan insurer has announced the premium rates for 2020 plan years – yes, they’re higher.... Read More
BY NAPA Net Staff | 10/14/2019
Paper covers rock – but will it be enough to break scissors?
A consortium (an alliance of consumer organizations, labor unions, rural advocates, and print communications industry organizations)... Read More
BY Ted Godbout | 10/11/2019
Guidance on student loan payments under qualified retirement and section 403(b) plans has been added to the updated Treasury/IRS Priority Guidance Plan released Oct. 8.
While the plan does... Read More
BY Ted Godbout | 9/27/2019
The Securities and Exchange Commission has moved forward on a new rule streamlining the conditions under which exchange-traded funds (ETFs) can come to market.
The new rule and form amendments... Read More
BY Nevin E. Adams, JD | 9/20/2019
The Treasury Department and IRS have published final regulations on hardship distribution options – and there are some changes, and clarifications, from the proposed version.
You’ll... Read More
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